Rochester Arts & Sciences Academy Foundation

Analysis

Rochester Arts & Sciences Academy Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rochester Arts & Sciences Academy Foundation reported income of $3.1m and spending of $2.8m, spending 88% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.0m to $3.1m (+212%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Arts & Sciences Academy Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Greenville Classical Academy ($3.1m), Nebraska Christian Schools Inc ($3.1m) and Southeastern Libraries Cooperating ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $136k (4.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $122k, net assets of $1.2m. It reported 34 employees.